Verisk: ISO Launches Management Liability Insurance Program for Private Companies
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New Coverages and Rating Information Help Insurers Address Growing Risks, Including Sexual Harassment
ISO has launched a new management liability insurance program to help insurers address the increasing risks faced by private companies, including sexual harassment. ISO is a
The program is designed to address the growth of private firms, which now account for more than 65 percent of all companies in
"Management liability insurance has traditionally been purchased by public companies," said
The program's proprietary rating model enables insurers to price worldwide coverage for private companies across several lines of business, including directors and officers, employment practices liability, and fiduciary liability. It also features a higher level of rating granularity, factoring in a wide range of classes and risk sizes for employment practices liability developed using the latest modeling techniques. There are also options to include coverages for crime as well as kidnap and ransom.
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